Jack Ma surrenders control of fintech giant Ant Group By Cointelegraph

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© Reuters.

Chinese billionaire and Alibaba (NYSE:) founder, Jack Ma, will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure.

Ant Group officially announced that Ma has agreed to give up control of Ant Group as part of the company’s further corporate governance optimization and restructuring.

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Alibaba’s stock 30-day price chart. Source: TradingView